2022
Exports
$7.78BWorld Rnk 14 / 226
Flag Rnk 2 / 1206
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$6.5BWorld Rnk 17 / 225
Flag Rnk 2 / 1210
2022
ECONOMIC COMPLEXITY of Hungary
1.38Rnk 14 / 133

About

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Hungary between 2021 and 2022 were Slovakia ($101M), United Kingdom ($99.1M), and Spain ($71.2M).

Imports In 2022, Hungary imported $6.5B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 17th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 2nd most imported product in Hungary. Hungary imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($2.65B), Czechia ($762M), Poland ($517M), Italy ($273M), and China ($268M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Hungary between 2021 and 2022 were China ($74.6M), Slovakia ($22.9M), and France ($17.2M).

COMPANIES In 2023, leading companies such as Robert Bosch (974), ZF Friedrichshafen (44), and Nissan (15) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Hungary to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Motor vehicles; parts and accessories (8701 to 8705). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.78B
IMPORTS (2022)$6.5B
NET TRADE (2022)$1.27B

In 2022, Hungary imported $6.5B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($2.65B), Czechia ($762M), Poland ($517M), Italy ($273M), and China ($268M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Hungary WERE (2021 - 2022):
Slovakia$101M (12.9%)
United Kingdom$99.1M (34.9%)
Spain$71.2M (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Hungary WERE (2021 - 2022):
Turkey-$547M (-68.3%)
Russia-$46.6M (-81.2%)
Sweden-$23.4M (-9.68%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hungary's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Hungary's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $343M
TOP IMPORT POTENTIALChina+ $178M

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is United States. With an export gap of $343M.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is China with an import gap of $178M.

See methodology.

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